Francis W Parker School

Analysis

Francis W Parker School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1932, 94 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Francis W Parker School reported income of $50.3m and spending of $52.4m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $41.2m to $50.3m (+22%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Francis W Parker School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Central College ($50.3m), University of Mount Olive Inc ($50.4m) and American Charter Schools Foundation ($50.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.4m (2.7% of expenses). Other salaries and wages came to $22.4m. At year end it held assets of $190.8m against liabilities of $42.3m, net assets of $148.5m. It reported 418 employees.